The U.S. stock market closed a volatile day of trading on a mixed note. The S&P 500 was down as much as 0.8% on Monday, but rebounded in the afternoon to reclaim its 50-day moving average (2878.47), which it had breached shortly after the opening bell. The benchmark index finished just slightly lower, closing at 2884.43. As for the other major averages, the tech-heavy Nasdaq Composite underperformed for the third straight day, losing 0.7%; the small-cap Russell 2000 finished the day with a slim loss of 0.2%; and the blue-chip Dow Jones Industrial Average outperformed, tacking on 0.2%.
No companies are expected to report earnings this afternoon.
Futures are higher after hours: S&P 500 futures are +6 vs. fair value of 2,888 and Nasdaq-100 futures are +18 vs. fair value of 7,375.
Tomorrow morning, economic reports scheduled to be released include: NFIB Small Business Optimism Index at 6:00 (prior 108.8)
Tomorrow before the open the following companies are scheduled to report earnings: AZZ, HELE